Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
The LP interests were reportedly priced at a discount of more than 10% and included software and other tech-focused buyout funds.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The pension committed to selling its full interests in several EnCap-managed funds to reduce commodity exposure and diversify away from energy.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
The secondary deal gives GenZero exposure to an Asia-focused mid-market infrastructure portfolio centered on energy transition and sustainable assets.
The portfolio sale to a JV between Arrow Global and Fortress Investment Group is expected to generate roughly C$1 billion in net proceeds to the pension.
The process, comprising mostly of China-focused interests, is linked to several managers, including HSG, Warburg Pincus, and Boyu Capital Investment Management.
The Chinese insurance group is reportedly seeking to scale back its software exposure, particularly in three North America-focused funds.
The pension plan is reportedly looking to scale back legacy exposure to Asian private equity investments from the mid-2010s.
